Dubai, UAE is a dream destination for foreign investors and entrepreneurs looking to establish their businesses. With its numerous advantages such as easy business licensing, legal support from authorities, and business-friendly policies, it is no wonder that Dubai is a top choice for business expansion. However, the cost of acquiring a trade license has often been a concern for many entrepreneurs. Fortunately, there are several economical options available for those on a tight budget. In this guide, we will explore the cheapest trade license options in Dubai, UAE, along with the requirements and relevant details for each.
Cheapest Trade Licenses in the UAE
Trade License in Dubai
Meydan Free Zone (without visa)
Dubai Silicon Oasis – IFZA (with visa)
Cost of Trade License: AED 10,000 – AED 13,000
Trade License in Sharjah
Sharjah Media City
Cost of Trade License: AED 4,000 – AED 10,000
Trade License in Ras al Khaimah
Cost of Trade License: AED 10,000 – AED 12,000
Trade License in Jebel Ali
Cost of Trade License: AED 12,000 – AED 14,000
Why it is Special: Exclusive industrial and business parks
One of the most affordable trade license options in Dubai is offered by Meydan Free Zone, which does not require a visa. The cost of this license may vary, but generally ranges from AED 10,000 to AED 13,000. Additionally, there is an option to pay on a monthly interest-free installment plan, with payments ranging from AED 800 to AED 1,100. Meydan Free Zone provides over 1,500 company ventures for investors to choose from, allowing for economical and hassle-free establishment. Its convenient location near Meydan Hotel and the Meydan Racecourse makes it an ideal choice for foreign investors looking to network and collaborate.
Cheapest Free Zones in Dubai
Dubai’s free trade zones offer a range of options for international investors. These economical free zones provide excellent commercial infrastructure, making Dubai an attractive location with lower setup fees for startups. Let’s explore two of the cheapest free zones in Dubai:
International Free Zone Authority (IFZA)
IFZA is currently the cheapest free zone in Dubai. It offers a free Flexi desk for one year and a free-for-life resident visa. The free zone also provides a cost-effective company license that does not require visas. With international standard office options and warehousing facilities, IFZA is a popular choice for investors looking to minimize operational costs.
Dubai Meydan Free Zone
Meydan Free Zone is both affordable and modern, offering inexpensive office spaces in Dubai. It also provides a No Objection Certificate for opening an office space anywhere in Dubai, UAE. Foreign investors can choose their office space based on their budget and specific business requirements. Its strategic location near Meydan Hotel and the Meydan Racecourse adds to its appeal. Meydan Free Zone offers a variety of cheap licenses and commercial activities, creating an environment where business executives can network and collaborate.
Exploring Dubai CommerCity
Dubai CommerCity is a new economic zone in the United Arab Emirates. It offers state-of-the-art amenities and a wide range of commercial infrastructure. Located near the Dubai International Airport, it serves as a hub for global trading firms, particularly those reliant on logistics. Dubai CommerCity provides multi-year business license packages and offers over 2,000 different business activities for investors to choose from, making it a flexible and cost-effective option.
Benefits of Dubai’s Free Zones
Dubai’s free zones offer numerous benefits that attract investors from around the world. These advantages include:
Cheap free zone licenses
100% ownership of business entities
Easy and quick business setup
Secure banking system
While setting up a business in Dubai can be expensive, there are cost-effective options available for entrepreneurs on a tight budget. The Meydan Free Zone, along with other economical free zones such as IFZA, provide affordable trade license solutions. Additionally, Dubai’s free zones offer attractive benefits and world-class infrastructure to support the growth of businesses. By choosing the right trade license option, entrepreneurs can launch their dream businesses in Dubai, UAE, without breaking the bank.